Trafigura’s 1GW Esbjerg project will be powered by offshore wind
Trafigura sets 3GW green hydrogen target
Trader seeks more exposure to production projects as it nears FID on 1GW Danish facility
Commodities trader Trafigura has set itself a new target to invest in green hydrogen projects with a total capacity of 3GW by the end of its 2030 financial year, according to its latest sustainability report. The new target signals a significant ramp-up in investment in the near term by the Singapore-based company. Its main hydrogen project to date is a 1GW facility under development at Esbjerg in southwest Denmark together with H2 Energy, a Swiss-based firm in which Trafigura has invested more than $62mn. “We continue to expand our investments in renewable technologies and in clean energy sectors such as green hydrogen and ammonia, with a target of investing in renewable hydrogen projects w
Also in this section
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
2 February 2026
As a fertiliser feedstock, it is indispensable, but ammonia’s potential as a carbon-free energy carrier is also making it central to global decarbonisation strategies
